Xiaomi-backed Copper Crafts Platform Tongshifu Raises $44M Series B Round

Hangzhou-based online copper crafts platform Tongshifu announced today that it has raised a RMB310 million (US$44 million) series B round led by Cathay Capital. GX Capital, Yunmu Capital and existing investors including Shunwei Capital and Xiaomi Ventures also participated in the round. Founded in 2013, Tongshifu operates under Hangzhou Xi Craftsman Cultural Creative Co. It designs and manufacture of original brass crafts with gold-process, painting, clay sculpture and other techniques. The company claims that it has maintained a 100% growth …

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